Truist Securities Maintains Hold on Cognex, Lowers Price Target to $42
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
0mins
Should l Buy CGNX?
Source: Benzinga
Fastest News Alerts: Benzinga Pro offers real-time intelligence and alerts to help traders stay informed and make winning trades in the stock market.
Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and accurate market intelligence.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CGNX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CGNX
Wall Street analysts forecast CGNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CGNX is 46.00 USD with a low forecast of 35.00 USD and a high forecast of 54.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
6 Buy
3 Hold
1 Sell
Moderate Buy
Current: 39.490
Low
35.00
Averages
46.00
High
54.00
Current: 39.490
Low
35.00
Averages
46.00
High
54.00
About CGNX
Cognex Corporation invents and commercializes technologies that address various critical manufacturing and distribution challenges. The Company is a global provider of machine vision products and solutions that improve efficiency and quality in businesses across industrial end markets. It operates through the machine vision technology segment. Its solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
The Robot Revolution Is Here: Investing in Tesla Stock and Other Opportunities.
Robots on the Rise: The article discusses the increasing presence and capabilities of robots in various sectors, hinting at a potential future where they play a dominant role.
Technological Advancements: It highlights the rapid advancements in robotics technology that are bringing us closer to a future where robots could significantly impact daily life and work environments.
See More
The Robot Revolution Is Here: Stocks to Consider from Tesla, Hyundai, and Others.
Robots on the Rise: The development of robots is advancing rapidly, suggesting a potential future where they play a significant role in society.
Implications of Robot Integration: The increasing presence of robots raises questions about their impact on various aspects of life, including work and daily activities.
See More
Cognex Corporation (CGNX) Named Among 14 Best Mid-Cap Dividend Stocks, Price Target Cut to $54
- Price Target Adjustment: Barclays has lowered its price target for Cognex from $56 to $54 while maintaining an Overweight rating, reflecting ongoing optimism about industrial tech demand, particularly in data centers and automation sectors.
- New Product Launch: Cognex has rolled out its first lineup of SLX™ devices specifically designed to address high-priority challenges in logistics, which are suitable for facilities beginning automation and as add-ons for existing systems, expected to enhance customer automation efficiency.
- Strong Market Demand: Despite the price target cut, Barclays highlighted that Cognex continues to experience strong demand trends in key markets such as electronics, test and measurement, and semiconductors, indicating a solid market position for the company.
- Future Development Plans: Cognex plans to expand its SLX lineup with more AI-driven, user-friendly devices aimed at reducing total cost of ownership (TCO) and improving overall equipment effectiveness (OEE), further solidifying its competitive edge in the industrial automation market.
See More
Cognex Corporation Announces Q4 2025 Earnings Release and Conference Call Schedule
- Earnings Release Schedule: Cognex will release its Q4 2025 earnings on February 11, 2026, after market close, reflecting the company's ongoing commitment to financial transparency.
- Conference Call Timing: The company will host a conference call on February 12, 2026, at 8:30 a.m. EST to discuss the earnings results, aiming to enhance communication with investors.
- Investor Relations Access: Investors can access the conference call and its replay via the Cognex Investor Relations website, demonstrating the company's emphasis on effective information dissemination.
- Global Presence: Cognex operates in over 30 countries and serves more than 30,000 customers, showcasing its leadership position in the industrial machine vision sector.
See More
Cognex Corporation to Release Q4 2025 Earnings on February 11, 2026
- Earnings Release Schedule: Cognex will release its Q4 2025 earnings on February 11, 2026, after market close, reflecting the company's ongoing commitment to financial transparency.
- Conference Call Timing: The company will host a conference call on February 12, 2026, at 8:30 a.m. EST to discuss the earnings results, aiming to enhance communication with investors.
- Investor Relations Access: Investors can access the conference call and its replay via the Cognex Investor Relations website, demonstrating the company's emphasis on effective information dissemination.
- Global Presence: Cognex operates in over 30 countries and serves more than 30,000 customers, showcasing its leadership and extensive influence in the industrial machine vision sector.
See More
Truist Reduces Cognex Price Target to $42 from $45, Maintains Hold Rating
- Cognex Rating: Cognex (CGNX) has an average rating of overweight from analysts.
- Price Target: The mean price target for Cognex is set at $48.65.
See More
The Robot Revolution Is Here: Investing in Tesla Stock and Other Opportunities.
Robots on the Rise: The article discusses the increasing presence and capabilities of robots in various sectors, hinting at a potential future where they play a dominant role.
Technological Advancements: It highlights the rapid advancements in robotics technology that are bringing us closer to a future where robots could significantly impact daily life and work environments.
See More
The Robot Revolution Is Here: Stocks to Consider from Tesla, Hyundai, and Others.
Robots on the Rise: The development of robots is advancing rapidly, suggesting a potential future where they play a significant role in society.
Implications of Robot Integration: The increasing presence of robots raises questions about their impact on various aspects of life, including work and daily activities.
See More
Cognex Corporation (CGNX) Named Among 14 Best Mid-Cap Dividend Stocks, Price Target Cut to $54
- Price Target Adjustment: Barclays has lowered its price target for Cognex from $56 to $54 while maintaining an Overweight rating, reflecting ongoing optimism about industrial tech demand, particularly in data centers and automation sectors.
- New Product Launch: Cognex has rolled out its first lineup of SLX™ devices specifically designed to address high-priority challenges in logistics, which are suitable for facilities beginning automation and as add-ons for existing systems, expected to enhance customer automation efficiency.
- Strong Market Demand: Despite the price target cut, Barclays highlighted that Cognex continues to experience strong demand trends in key markets such as electronics, test and measurement, and semiconductors, indicating a solid market position for the company.
- Future Development Plans: Cognex plans to expand its SLX lineup with more AI-driven, user-friendly devices aimed at reducing total cost of ownership (TCO) and improving overall equipment effectiveness (OEE), further solidifying its competitive edge in the industrial automation market.
See More
Cognex Corporation Announces Q4 2025 Earnings Release and Conference Call Schedule
- Earnings Release Schedule: Cognex will release its Q4 2025 earnings on February 11, 2026, after market close, reflecting the company's ongoing commitment to financial transparency.
- Conference Call Timing: The company will host a conference call on February 12, 2026, at 8:30 a.m. EST to discuss the earnings results, aiming to enhance communication with investors.
- Investor Relations Access: Investors can access the conference call and its replay via the Cognex Investor Relations website, demonstrating the company's emphasis on effective information dissemination.
- Global Presence: Cognex operates in over 30 countries and serves more than 30,000 customers, showcasing its leadership position in the industrial machine vision sector.
See More
Cognex Corporation to Release Q4 2025 Earnings on February 11, 2026
- Earnings Release Schedule: Cognex will release its Q4 2025 earnings on February 11, 2026, after market close, reflecting the company's ongoing commitment to financial transparency.
- Conference Call Timing: The company will host a conference call on February 12, 2026, at 8:30 a.m. EST to discuss the earnings results, aiming to enhance communication with investors.
- Investor Relations Access: Investors can access the conference call and its replay via the Cognex Investor Relations website, demonstrating the company's emphasis on effective information dissemination.
- Global Presence: Cognex operates in over 30 countries and serves more than 30,000 customers, showcasing its leadership and extensive influence in the industrial machine vision sector.
See More
Truist Reduces Cognex Price Target to $42 from $45, Maintains Hold Rating
- Cognex Rating: Cognex (CGNX) has an average rating of overweight from analysts.
- Price Target: The mean price target for Cognex is set at $48.65.
See More
